Benoit Coeure - European Central Bank

Last quote by Benoit Coeure

We scaled back our asset purchases without undermining the support given to the economy. So, I would argue that we have already adjusted our monetary policy ... This adjustment has been done in a very careful way, as a number of factors continue to weigh on inflation.feedback

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“One of the constraints facing the government is to keep its commitments on the budget and in particular on the three percent. This is something that we welcome in part because of the consequences for the rest of Europe.” said Benoit Coeure on this article: French deficit pledge will help euro zone budget discussions, ECB's Coeure says. This page contains 21 articles quoting Benoit Coeure. Main topics on which Benoit Coeure is quoted are Greeks and policy. In addition you’ll find 37 quotes there. All these quotes are mentioned on this page and you can filter them by date and by topics.

There is no plan to cut back the purchases to zero. That wasn't even discussed by the Governing Council. A discussion will be needed about normalization of monetary policy but it needs to be initiated carefully.feedback

To bring the program to a successful conclusion and to restore market access for the sovereign on a lasting basis, it is above all essential that the Greek authorities continue to show a serious commitment to the goals and measures taken under the program.feedback

If fiscal and economic policies do not in fact play this role, we risk being trapped in a low growth, low interest rate equilibrium. Moving from interest rates being 'low for long' to being 'low forever' would severely limit the room for maneuvre for conventional monetary policy tools, but even more worryingly, it would threaten the contract between generations as well as risk tearing up our social fabric.feedback

One element here will be to strengthen the euro area executive with a euro area treasury, be it within the Commission or as a separate body. Another element will be to build up a genuine legislative capacity at euro area level and to make institutions acting in the euro area's interest, such as the European Stability Mechanism, accountable to it.feedback

Quotes by Benoit Coeure

Jul 09 2017

One of the constraints facing the government is to keep its commitments on the budget and in particular on the three percent. This is something that we welcome in part because of the consequences for the rest of Europe.feedback

This would be just one of the tools available to EU authorities under the revised EMIR proposal. I believe that such an approach will be justified in case EU authorities are unable to adequately control risks and fulfil their mandates through other means. Ultimately, however, it will be up to the Commission and the EU legislators to decide on the specific conditions for triggering such a requirement.feedback

The safety and soundness of central counterparties (CCPs) matters for central banks, and it matters a lot. What concerns us today in the context of Brexit is that the current EU regime regarding third-country CCPs was never designed to cope with major systemic CCPs operating from outside the EU. Indeed, this regime relies to a large extent on local supervision, and provides EU authorities with very limited tools for obtaining information and taking action in the event of a crisis.feedback

Too much gradualism in monetary policy bears the risk of larger market adjustments when the decision is eventually taken. That could be the case if we had strong evidence that the negative Deposit Facility Rate would impose a cost on the banking industry that ... could become a hindrance to our monetary policy transmission.feedback

The latest incoming data have shifted the balance of risks for growth towards neutral territory in my view. But at the same time, measures of underlying inflation in the euro area remain subdued and our projected path of inflation still remains highly conditional on our policy stance.feedback

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